January 16, 2024

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Scarcity of Tokunbo cars in Nigeria looms as dealers face importation hurdles

Concerns have emerged within Nigeria’s automotive market as car dealers anticipate a looming scarcity of foreign-used vehicles, popularly called tokunbo cars. This situation stems from importation difficulties faced by dealers, predominantly due to challenges related to the exchange rate and import logistics. In discussions with The PUNCH in Lagos…
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